Insights

08 Sep China Launches National Green Electricity Trading Trial

Posted at 17:42h in 2021-09-09, Quick Hits by Una Qu

State Grid Corporation of China and China Southern Power Grid (CSG) launched the national-level green electricity trading trial for the first time on September 7, following approval from NDRC and National Energy Administration (NEA), as reported by Xinhuanet on the same day. According to the...

08 Sep Korean Air Purchases Carbon-neutral Jet Fuel from SK Energy

Posted at 15:25h in 2021-09-09, Quick Hits by Helena Zhu

Korean Air [003490:KS] announced a partnership with South Korean petroleum and refinery company SK Energy [096770:KS] to use carbon-neutral jet fuel in its fleet on September 6, according to the airline’s press release on the same day. SK Energy will supply one-month carbon-neutral jet fuel...

07 Sep Japan, Russia Agree to Collaborate on Hydrogen and Ammonia Production

Posted at 16:59h in 2021-09-09, Quick Hits by Una Qu

Japan’s Minister of Economy, Trade, and Industry (METI) Hiroshi Kajiyama and Russia’s Energy Minister Nikolai Shulginov signed a joint statement that the two countries would collaborate on the production of hydrogen and ammonia during the Eastern Economic Forum, as reported by Reuters on September 2....

07 Sep Singapore Introduces Patrol Robots to Detect Public Bad Behavior

Posted at 15:30h in 2021-09-09, Quick Hits by Helena Zhu

Singapore is bringing robots to help the police deter bad behavior and ensure public safety, according to The Strait Times on September 6. The patrol robots, named Xavier, began a three-week trial in the busy Toa Payoh Central neighborhood on September 5. The robots’ duty...

03 Sep LSEG Sets up Sustainable Finance Innovation Unit in Singapore

Posted at 16:47h in 2021-09-09, Quick Hits by Una Qu

London Stock Exchange Group (LSEG) [LSEG:LN] announced on September 1 that it established a sustainable finance innovation unit in Singapore backed by the Monetary Authority of Singapore (MAS), according to the group’s website on the same day. The unit will provide expertise and solutions regarding...

02 Sep Three Facts an Investor Needs to Know about ESG Controversy

Posted at 17:13h in 2021-09-02, Deep Dive by Haiyan Luo

As more and more investors start to integrate ESG considerations in their investment decisions, ESG integration is expected to become mainstream in the coming years. ESG analytics provide valuable and useful information to investors on how to choose opportunities in their investment universes and help...

02 Sep National Australia Bank Issues New ESG Derivatives to Australian Business

Posted at 15:08h in 2021-09-02, Quick Hits by Tina Zhang

National Australia Bank (NAB) launched ESG-related derivative products on September 1 to push its Australian clients towards sustainable targets, according to NAB’s website on the same day. These new derivative contracts are interest rate swaps, inflation swaps, and cross-currency swaps, which enable clients to manage...

01 Sep SK Innovation Renames Petrochemical Subsidiary as Plastic Recycler SK Geocentric

Posted at 17:22h in 2021-09-02, Quick Hits by Una Qu

South Korean energy and chemical company SK Innovation’s [096770:KS] petrochemical subsidiary SK Global Chemical (SKGC) has rebranded itself as SK Geocentric, switching its core business from traditional petrochemicals to plastic recycling, as reported by Korea Economic Daily on August 31. The firm plans to invest...

01 Sep HKEX, GFEX Collaborate on Developing Carbon Derivatives Market in GBA

Posted at 14:53h in 2021-09-02, Quick Hits by Helena Zhu

Hong Kong Exchanges and Clearing Limited (HKEX) [0388:HK] announced its strategic collaboration with Guangzhou Futures Exchange (GFEX) to develop a cross-border carbon derivatives market in the Guangzhou-Hong Kong-Macao Greater Bay Area (GBA) on August 27, according to HKEX’s website. The two exchanges signed a memorandum...

01 Sep Taiwan High Speed Rail Issues TWD1bn Sustainable Bond

Posted at 14:10h in 2021-09-02, Quick Hits by Tina Zhang

Taiwan High Speed Rail Corporation (THSRC) [2633:TT] raised TWD1bn (USD35.95m) by issuing a three-year unsecured sustainable bond at full price with a fixed annual rate of 0.3% on August 30, as reported by Commercial Times on the same day. THSRC aims to use the proceeds...

31 Aug Indian Reliance Industries to Buy Solar Developer REC from ChemChina

Posted at 17:25h in 2021-09-02, Quick Hits by Una Qu

Indian Reliance Industries (RIL) [RIL:IN] is considering acquiring solar power developer REC Group from China National Chemical Corporation (ChemChina) at a price between USD1bn and USD1.2bn, as reported by Economic Times on August 31. REC specializes in photovoltaic (PV) silicon materials, multi-crystalline wafers, as well...

31 Aug China’s MoHRSS, Supreme Court Deem 996 Work Schedule Illegal

Posted at 14:22h in 2021-09-02, Quick Hits by Helena Zhu

China’s Supreme People’s Court and the Ministry of Human Resources and Social Security (MoHRSS) issued a joint statement on August 26, specifying that the “996” work schedule is illegal, as reported by Caixin on August 27. The 996 work culture entails working from 9am to...

27 Aug Singapore Exchange Regulation to Revise Listing Rules with Mandatory Climate Disclosures

Posted at 17:37h in 2021-09-02, Quick Hits by Maria Ma

Singapore Exchange Regulation (SGX RegCo) on August 26 proposed revisions of the listing rules to demand sustainability-related reporting from listed companies, according to The Business Times on the same day. The bourse would require listed firms to disclose their ESG efforts, climate-related information, and details...

26 Aug RWE Collaborates with Kansai Electric Power to Explore Japan’s Floating Wind Farms

Posted at 16:11h in 2021-08-26, Quick Hits by Maria Ma

German electricity generation company RWE AG’s [RWE:GR] subsidiary RWE Renewables and Kansai Electric Power [9503:JP] formed a partnership to study the possibility of a large-size floating offshore wind project on Japan’s coasts on August 23, according to CNBC on August 24. The collaboration was based...

26 Aug Vietnamese Automaker VinFast Collaborates with Chinese Gotion on EV Battery Production

Posted at 14:38h in 2021-08-26, Quick Hits by Maria Ma

Vietnam’s conglomerate Vingroup [VIC:VN] announced on August 23 that its automotive subsidiary VinFast would partner with Chinese battery manufacturer Gotion High-Tech [002074:CH] to build the first lithium iron phosphate (LFP) battery plant in Vietnam, as reported by Talk Vietnam on the same day. Compared with...